Banco Santander, S.A. (SAN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Net Interest Income | 10.79B | 8.84B | 10.59B | 11.38B | 11.99B | 11.22B | 11.47B | 11.98B | 11.12B | 11.22B | 10.52B | 10.4B | -794M | 10.05B | 2.21B | 8.86B | 8.72B | 8.46B | 8.24B | 7.96B |
| NII Growth % | -9.99% | -21.29% | -7.7% | -5.05% | 7.77% | 0.05% | 9.03% | 15.27% | 1500.76% | 11.62% | 375.98% | 17.4% | -109.11% | 18.83% | -73.17% | 11.3% | 8.69% | 8.81% | 6.8% | -6.26% |
| Net Interest Margin % | 0.58% | 0.56% | 0.58% | 0.62% | 0.65% | 0.62% | 0.64% | 0.67% | 0.62% | 0.62% | 0.59% | 0.59% | -0.05% | 0.55% | 0.13% | 0.53% | 0.55% | 0.54% | 0.53% | 0.51% |
| Interest Income | 10.79B | 8.84B | 10.59B | 26.9B | 11.99B | 11.22B | 11.47B | 29.24B | 11.12B | 11.22B | 10.52B | 23.89B | 10.16B | 10.05B | 9.55B | 13.97B | 12.83B | 11.7B | 11.18B | 10.75B |
| Interest Expense | 0 | 0 | 0 | 15.53B | 0 | 0 | 0 | 17.26B | 0 | 0 | 0 | 13.49B | 10.95B | 0 | 7.34B | 5.12B | 4.12B | 3.24B | 2.94B | 2.8B |
| Loan Loss Provision | 3.17B | 2.43B | 3.45B | 3.12B | 3.12B | 2.95B | 3.44B | 3.13B | 3.48B | 3.24B | 2.94B | 3.3B | 3.03B | 3.07B | 2.64B | 2.11B | 1.42B | 2.19B | 1.76B | 2.03B |
| Non-Interest Income | 4.19B | 3.27B | 3.74B | 4.67B | 3.83B | 3.72B | 4.02B | 4.5B | 3.28B | 3.48B | 3.39B | 4.41B | 3.16B | 3.23B | 3.08B | 3.77B | 3.68B | 3.7B | 3.83B | 3.82B |
| Non-Interest Income % | 27.97% | 27.01% | 26.11% | 14.8% | 24.2% | 24.87% | 25.93% | 13.33% | 22.77% | 23.65% | 24.39% | 15.58% | 23.74% | 24.34% | 24.39% | 21.24% | 22.28% | 24.02% | 25.54% | 26.23% |
| Total Revenue | 14.98B | 12.1B | 14.33B | 31.58B | 15.81B | 14.94B | 15.49B | 33.74B | 14.4B | 14.7B | 13.92B | 28.3B | 13.32B | 13.29B | 12.64B | 17.74B | 16.51B | 15.39B | 15.02B | 14.58B |
| Revenue Growth % | -5.27% | -18.99% | -7.48% | -6.41% | 9.8% | 1.67% | 11.29% | 19.23% | 8.1% | 10.61% | 10.15% | 59.52% | -19.33% | -13.7% | -15.84% | 21.71% | 14.82% | 7.84% | 0.46% | -13.66% |
| Non-Interest Expense | 6.88B | 5.7B | 6.47B | 7.74B | 8.09B | 7.08B | 7.12B | 8.77B | 7B | 7.01B | 6.72B | 7.67B | -4.15B | 6.37B | -1.09B | 6.34B | 7.15B | 6.17B | 6.5B | 6.65B |
| Efficiency Ratio | 45.96% | 47.06% | 45.14% | 24.52% | 51.18% | 47.35% | 45.98% | 26% | 48.61% | 47.69% | 48.31% | 27.1% | -31.13% | 47.92% | -8.63% | 35.73% | 43.3% | 40.05% | 43.32% | 45.62% |
| Operating Income | 4.92B | 3.98B | 4.42B | 5.19B | 4.6B | 4.92B | 4.92B | 4.58B | 3.92B | 4.45B | 4.26B | 3.83B | 3.49B | 3.85B | 3.74B | 4.17B | 3.83B | 3.8B | 3.81B | 3.1B |
| Operating Margin % | 32.85% | 32.85% | 30.81% | 16.43% | 29.09% | 32.92% | 31.79% | 13.58% | 27.23% | 30.26% | 30.59% | 13.54% | 26.19% | 28.95% | 29.63% | 23.51% | 23.2% | 24.7% | 25.39% | 21.28% |
| Operating Income Growth % | 6.96% | -19.17% | -10.36% | 13.18% | 17.29% | 10.61% | 15.66% | 19.6% | 12.41% | 15.63% | 13.73% | -8.13% | -8.93% | 1.16% | -1.78% | 34.46% | 220.59% | 21.12% | 145.92% | 64.04% |
| Pretax Income | 4.92B | 3.98B | 4.42B | 5.19B | 4.6B | 4.92B | 4.92B | 4.58B | 3.92B | 4.45B | 4.26B | 3.83B | 3.49B | 3.85B | 3.74B | 4.17B | 3.83B | 3.8B | 3.81B | 3.1B |
| Pretax Margin % | 32.85% | 32.85% | 30.81% | 16.43% | 29.09% | 32.92% | 31.79% | 13.58% | 27.23% | 30.26% | 30.59% | 13.54% | 26.19% | 28.95% | 29.63% | 23.51% | 23.2% | 24.7% | 25.39% | 21.28% |
| Income Tax | 1.16B | 1.02B | 1.04B | 1.45B | 1.04B | 1.33B | 1.45B | 1.47B | 724M | 1.27B | 1.31B | 967M | 948M | 1.16B | 1.07B | 1.3B | 1.17B | 1.25B | 1.33B | 1.14B |
| Effective Tax Rate % | 23.64% | 25.62% | 23.62% | 27.88% | 22.54% | 27.04% | 29.4% | 32.03% | 18.46% | 28.58% | 30.86% | 25.23% | 27.17% | 30.27% | 28.63% | 31.22% | 30.51% | 32.9% | 34.92% | 36.85% |
| Net Income | 3.76B | 2.99B | 3.43B | 3.4B | 3.27B | 3.25B | 3.21B | 2.85B | 2.93B | 2.9B | 2.67B | 2.57B | 2.29B | 2.42B | 2.35B | 2.54B | 2.27B | 2.17B | 2.07B | 1.61B |
| Net Margin % | 25.13% | 24.72% | 23.94% | 10.77% | 20.65% | 21.75% | 20.7% | 8.45% | 20.37% | 19.75% | 19.18% | 9.09% | 17.18% | 18.23% | 18.61% | 14.33% | 13.78% | 14.12% | 13.77% | 11.03% |
| Net Income Growth % | 15.28% | -7.95% | 6.98% | 19.28% | 11.32% | 11.99% | 20.11% | 10.93% | 28.13% | 19.82% | 13.57% | 1.1% | 0.62% | 11.41% | 13.74% | 58.15% | 721.3% | 24.23% | 118.57% | 385.8% |
| Net Income (Continuing) | 3.76B | 2.96B | 3.37B | 3.74B | 3.56B | 3.59B | 3.48B | 3.12B | 3.2B | 3.18B | 2.94B | 2.87B | 2.54B | 2.68B | 2.67B | 2.87B | 2.66B | 2.55B | 2.48B | 1.96B |
| EPS (Diluted) | 0.24 | 0.19 | 0.22 | 0.21 | 0.20 | 0.20 | 0.20 | 0.17 | 0.17 | 0.18 | 0.16 | 0.15 | 0.13 | 0.14 | 0.13 | 0.14 | 0.09 | 0.11 | 0.10 | 0.08 |
| EPS Growth % | 20% | -5% | 10% | 23.53% | 17.65% | 11.11% | 25% | 13.33% | 30.77% | 28.57% | 23.08% | 7.14% | 40.09% | 27.27% | 34.85% | 75% | 758.16% | -15.38% | 114.39% | 627.27% |
| EPS (Basic) | 0.25 | 0.20 | 0.22 | 0.22 | 0.22 | 0.21 | 0.21 | 0.19 | 0.18 | 0.17 | 0.16 | 0.15 | 0.13 | 0.14 | 0.13 | 0.14 | 0.09 | 0.13 | 0.12 | 0.08 |
| Diluted Shares Outstanding | 15.69B | 15.93B | 14.87B | 16.2B | 16.32B | 16.25B | 16.04B | 16.78B | 17.25B | 15.94B | 16.69B | 17.14B | 17.61B | 16.52B | 18.08B | 17.06B | 18.35B | 18.74B | 18.62B | 17.31B |